Blackstone, GIC unit look at LaSalle Japanese realty assets
Blackstone Group and Global Logistic Properties, which is majority-owned by the Government of Singapore Investment Corp. (GIC), are involved in separate talks to buy 20 industrial properties in Japan, the Wall Street Journal reported. The assets, thought to be worth JPY140 billion ($1.7 billion), are currently owned by LaSalle Investment Management, global realty investment fund.
Should the deal come through, it would be Japan's largest real estate transaction since Secured Capital, now a group company of Hong Kong-based private equity firm, acquired the Pacific Century Place building...
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